Wednesday, October 9, 2013

BET Investments Pays $18.3M for Bucks Crossing

BET Investments, Inc., a Philadelphia-based property investment firm, acquired the Bucks Crossing Shopping Center at 95-205 E. Street Rd. in Feasterville Trevose, PA from Korman Commercial Properties, Inc. for $18.25 million, or about $139 per square foot. 

This 131,035-square-foot retail center was delivered in 1967. It was 94 percent occupied at the time of the sale, including anchor tenants Petco and Acme Market and a free-standing Wachovia Bank branch.

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